CDB Aviation has entered into a new partnership with Elbe Flugzeugwerke GmbH ("EFW") to conduct the Passenger-to-Freighter ("P2F") conversion of two Airbus A330-300 aircraft in 2021, which will be available for lease to airline customers from early 2022.

The A330-300 P2F conversion program marksÿCDB Aviation's first entryÿinto freighter conversion, advancing the lessor's strategic efforts to deliver ever-more customized fleet solutions to customers, while tapping the long-term growth potential of the medium widebody freighter market. The A330 P2Fs are part of the existing fleet of 228 aircraft, in addition to the lessor's further commitments for 150 in-demand, next-generation technology aircraft.

"We are seeing an increasing interest from our customers for medium-sized freighters, as they look to take advantage of record-high freighter utilization, rapidly growing e-commerce demand, and higher cargo yields," elaborated CDB Aviation Chief Executive Officer Patrick Hannigan. "We look forward to working with EFW on converting our highly efficient A330-300 aircraft into the next generation of medium widebody freighters that our customers can use to meet the burgeoning international and regional air freight demand. With 12,000 Airbus cockpit aircraft in service, the A330-300 P2F will seamlessly slot into the fleets of A320 Family, A330, and A350 operators, and will bring a new paradigm of efficiency with 23% more cargo volume," expanded Hannigan.

"We are very excited to have CDB Aviation on board for investing in A330P2F Airbus converted freighters," said Dr. Andreas Sperl, Chief Executive Officer of EFW. "We look forward to a prosperous long-term relationship and to support the fleet growth in this promising market segment."